how many could afford a 50% increase, page-35

"Almost all the bulls on this site are happy with 3-5% growth per annum. The only thing raging seems to be the imagination of the bears trying to put words in our mouths".

If that growth rate had actually occurred in the last 7 years I would agree, but it hasn't, all that's happened in the last 7 years is investors and home buyers have been servicing mortgages and delivering banks their records profits whilst the rest of the economy burned and house prices stagnated. We were all duped.

I think you will find a lot of baby boomer investors will cash in their property chips if we hit a second GFC, those that get out first will make their dough, those that blindly repeat the mantra that property will always go up may end up living in the caravan parked in the driveway.

When I see real evidence that the global economy is safe I will buy and buy hard, but for now, happy to sit with cash and look at a few long term stocks.